PCCP announced it has provided $20 million in preferred equity alongside a joint venture of Middleburg Communities and Mattoni Group for the ground-up development of Hamlet Avalon Park, a 260-unit built-for-rent community. The project, which will include cottages, duplexes and townhomes, will be situated on 27 acres at 33976 Lusitano Drive in Wesley Chapel, Fla., an affluent suburb of Tampa, Fla. Construction has begun, with completion anticipated in 2026.
Hamlet Avalon Park will feature 160 cottages, 21 townhome buildings and seven duplexes. The property will feature a unit mix of one-, two- and three-bedroom units averaging 800 square feet to 1,700 square feet, along with 558 parking spaces. Unit interiors will include vinyl plank flooring, quartz countertops, stainless steel appliances, tile backsplashes in the kitchens, and in-unit washers and dryers. On-site amenities will include a clubhouse, resort-style pool, fitness center, dog park, dog wash, grill area, outdoor fir
